T-Mobile US FY2024 EPS Estimate Lifted by Zacks Research

T-Mobile US, Inc. (NASDAQ:TMUS) – Equities researchers at Zacks Research boosted their FY2024 earnings estimates for shares of T-Mobile US in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst A. Chatterjee now anticipates that the Wireless communications provider will post earnings per share of $9.16 for the year, up from their previous forecast of $9.04. The consensus estimate for T-Mobile US’s current full-year earnings is $9.36 per share. Zacks Research also issued estimates for T-Mobile US’s Q4 2024 earnings at $2.06 EPS, Q1 2025 earnings at $2.56 EPS and Q3 2025 earnings at $2.53 EPS.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter last year, the firm earned $1.82 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year.

Several other equities research analysts have also issued reports on TMUS. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Evercore ISI lifted their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Tigress Financial lifted their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Morgan Stanley lifted their price objective on shares of T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Trading Down 0.9 %

Shares of TMUS stock opened at $235.61 on Friday. The company has a 50 day moving average of $215.03 and a 200-day moving average of $191.94. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US has a 12-month low of $147.07 and a 12-month high of $242.43. The firm has a market cap of $273.42 billion, a P/E ratio of 26.86, a PEG ratio of 1.23 and a beta of 0.50.

Hedge Funds Weigh In On T-Mobile US

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brophy Wealth Management LLC purchased a new position in shares of T-Mobile US during the third quarter valued at about $889,000. Vestcor Inc increased its position in shares of T-Mobile US by 1.3% during the third quarter. Vestcor Inc now owns 131,688 shares of the Wireless communications provider’s stock valued at $27,175,000 after buying an additional 1,691 shares during the period. Resources Management Corp CT ADV increased its position in shares of T-Mobile US by 2.7% during the third quarter. Resources Management Corp CT ADV now owns 27,797 shares of the Wireless communications provider’s stock valued at $5,736,000 after buying an additional 732 shares during the period. Barclays PLC increased its position in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the period. Finally, SGL Investment Advisors Inc. purchased a new position in shares of T-Mobile US during the third quarter valued at about $222,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 111,882 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $197.84, for a total transaction of $22,134,734.88. Following the completion of the transaction, the director now owns 1,828,910 shares in the company, valued at $361,831,554.40. The trade was a 5.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 464,924 shares of company stock valued at $97,427,925 over the last three months. Insiders own 0.67% of the company’s stock.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.49%. T-Mobile US’s payout ratio is currently 29.65%.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.